27 Mar '11, 9pm

Singapore lagging behind in sustainability reporting: by Rachel Adrienne Kelly Singapore companies are falling b...

Singapore companies are falling behind when it comes to sustainability reporting, with only 59 such reports produced in the country's history - a relatively small number compared with its ASEAN peers. Experts at CSR Asia say that this highlights that local businesses are running the risk of losing out to other Asian countries, which are already marching ahead with significantly higher levels of reporting on environmental, social and governmental issues. Last year, the Singapore Exchange issued a "Policy Statement on Sustainability Reporting" and a proposed guide for its listed companies to use when formulating such reports. However, experts say that if companies do not respond, sustainability reporting could stop being a voluntary act and become a regulatory obligation in as early as three years. To encourage companies to move in the right direction, experts say boards of ...

Full article: http://www.todayonline.com/Business/Businessinbrief/EDC11...

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